Saddleback Memorial Foundation FY2022 filing

Tax-deductible

Laguna Hills, CA501(c)(3)Since 1979Foundations & GrantmakersEIN 33-0011887Revenue $25.3M in FY2022

On file with the IRSmemorialcare.org24451 Health Center Dr, 92653-3689 · Laguna Hills, CATax-exempt since Mar 2014Publicly supported charity — 170(b)(1)(A)(vi)

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To develop the philanthropic resources necessary to strengthen the ability of Saddleback Memorial medical center to enhance the health and well-being of individuals, families, and our community.

501(c)(3) charity; gifts are tax-deductible.
48¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $10.4M a year · 65% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
48%
of spending
Concern: 48% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
42 mo
of spending, in cash
Looks good: 42.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $104K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$5.0M
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 19 voting members
Looks good: 15 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$25.3M
+106% vs prior year
Spent
$4.8M
To programs
48%
Net assets
$160.8M
By yearFY2020–FY2024
Revenue
$25.3M
FY2022▲ +106%
Tap a bar for its year
Revenue by fiscal year
FY2020$9.7M
FY2021$12.3M
FY2022$25.3M
FY2023$4.1M
FY2024$28.5M
FY2024$7.3M
Expenses
$4.8M
FY2022▲ +100%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.2M
FY2021$2.4M
FY2022$4.8M
FY2023$5.4M
FY2024$12.0M
FY2024$8.0M
Net assets
$160.8M
FY2022▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$139.8M
FY2021$169.4M
FY2022$160.8M
FY2023$171.3M
FY2024$174.6M
FY2024$182.1M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

48 cents of each dollar spent went to programs.

Program services 48% · $2.3M Management & general 23% · $1.1M Fundraising 30% · $1.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

25 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Board Member, CEO Smmc
$0Pt VII · Sec A
President
$0Pt VII · Sec A
CFO/Executive Director of Finance
$0Pt VII · Sec A
Director, Comm & Donor Engagement
$0Pt VII · Sec A
Director, Fdn Grants (thru 6/3/22)
$0Pt VII · Sec A
Director, Prospect Mgt & Research
$0Pt VII · Sec A
Director, Major Gifts
$0Pt VII · Sec A
Former President
$0Pt VII · Sec A
See Saddleback Memorial Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Raises funds to improve community health and well-being through a medical center.

Provided by the organization

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3 programs · $1.6M · in their own filed words · FY2021
01

Provided grants for saddleback memorial medical center capital items (see schedule I).

$1.2Mprogram expense
02

Provided grant for saddleback memorial medical center's hospice program (see schedule I).

$178Kprogram expense
03

Provided grant for saddleback memorial medical center's emergency department's nursing (travelling staff during COVID-19) (see schedule I).

$167Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 7 funders →
Grants paid · 7 grants · $20.5M · 2019–2024
Memorial Health ServicesCA · FY2022$81,502

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$25.3M
Ln 12
Other incomeLn 4–11$13.0M
Investment incomeLn 3$9.1M
Gifts and grantsLn 1h$3.3M
Money outPt IX
$4.8M
Ln 25
Programscol B$2.3M
Managementcol C$1.1M
Fundraisingcol D$1.4M
Owns and owesPt X
$160.8M
net assets · Ln 32
Cash and savingsLn 1–2$16.7M
Total assetsLn 16$165.8M
LiabilitiesLn 26$5.0M
PeoplePt VI, VII
25
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.3M
Noncash giftsLn 1g$53K
Fundraising eventsLn 1c$524K
Investment incomeLn 3$9.1M
Other incomeLn 4–11$13.0M
Gains on assetsLn 7$6.3M
Total revenueLn 12$25.3M
Assets in detailPt X, end of year
CashLn 1$16.6M
SavingsLn 2$100K
Cash and savings togetherLn 1–2$16.7M
InvestmentsLn 11–13$145.5M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$3.1M
Total assetsLn 16$165.8M
LiabilitiesLn 26$5.0M
Net assetsLn 32$160.8M
OperationsPt I, VI
EmployeesI 511
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$12.4M$16.7M
InvestmentsLn 11–13$157.9M$145.5M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$173.9M$165.8M
LiabilitiesLn 26$4.5M$5.0M
Net assetsLn 32$169.4M$160.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.3M$2.3M
Pay of current officers, directors and key staffLn 5$667K$308K$359K
Other salaries and wagesLn 7$711K$58K$653K
Pension plan contributionsLn 8$38K$9K$28K
Other employee benefitsLn 9$156K$17K$139K
Payroll taxesLn 10$89K$26K$63K
Accounting feesLn 11c$53K$53K$120
Investment management feesLn 11f$516K$516K
Other fees for servicesLn 11g$54K$36K$17K
Office expensesLn 13$72K$20K$52K
Information technologyLn 14$45K$16K$29K
OccupancyLn 16$3K$3K
TravelLn 17$220$19$201
Conferences, conventions and meetingsLn 19$47K$16K$31K
InsuranceLn 23$3K$312$3K
Other expenses (24a–d)Ln 24$34K$343$33K
All other expensesLn 24e$4K$1K$3K
Total functional expensesLn 25$4.8M$2.3M$1.1M$1.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $28.5M$12.0M$16.5M$174.6M 990 PDF
FY2023 $4.1M$5.4M−$1.3M$171.3M 990 PDF
FY2022 Viewing $25.3M$4.8M$20.5M$160.8M 990 PDF
FY2021 $12.3M$2.4M$9.9M$169.4M 990 PDF
FY2020 $9.7M$3.2M$6.4M$139.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $25,315,166 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,362,145$3,252,423
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $3,896,637$9,089,614
I-11 Other revenuePrior year $5,051,734$12,973,129
I-12 Total revenuePrior year $12,310,516$25,315,166
I-13 Grants and similar amounts paidPrior year $285,026$2,272,699
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,348,023$1,660,902
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $747,616$831,685
I-18 Total expensesPrior year $2,380,665$4,765,286
I-19 Revenue less expensesPrior year $9,929,851$20,549,880
Part VI · Governance 15 of 19 board members independent, 1 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members15
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $25,315,166 across 10 lines filed
Lines not itemized here account for $9,900 of total revenue; see the IRS return.
VIII-1c Fundraising events$524,247
VIII-1d Related organizations$57,500
VIII-1f All other contributions, gifts and grants$2,670,676
VIII-1g Noncash contributions (included above)$52,867
VIII-1h Total contributions, gifts and grants$3,252,423
VIII-3 Investment incomeExcluded from tax $2,755,561$2,755,561
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,334,053$6,334,053
VIII-8 Net income from fundraising eventsExcluded from tax −$90,120−$90,120
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business −$4,669 · Excluded from tax $13,058,018$13,053,349
VIII-12 Total revenueRelated to mission $0 · Unrelated business −$4,669 · Excluded from tax $22,067,412$25,315,166
Part IX · Statement of functional expenses $4,765,286 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $2,272,699$2,272,699
IX-5 Pay of current officers, directors and key staffManagement $307,940 · Fundraising $358,940$666,880
IX-7 Other salaries and wagesManagement $57,590 · Fundraising $652,927$710,517
IX-8 Pension plan contributionsManagement $9,488 · Fundraising $28,168$37,656
IX-9 Other employee benefitsManagement $17,382 · Fundraising $139,095$156,477
IX-10 Payroll taxesManagement $26,089 · Fundraising $63,283$89,372
IX-11c Accounting feesManagement $53,312 · Fundraising $120$53,432
IX-11f Investment management feesManagement $516,265$516,265
IX-11g Other fees for servicesManagement $36,414 · Fundraising $17,178$53,592
IX-13 Office expensesManagement $20,152 · Fundraising $52,175$72,327
IX-14 Information technologyManagement $15,854 · Fundraising $29,182$45,036
IX-16 OccupancyManagement $3,498$3,498
IX-17 TravelManagement $19 · Fundraising $201$220
IX-19 Conferences, conventions and meetingsManagement $15,889 · Fundraising $30,753$46,642
IX-23 InsuranceManagement $312 · Fundraising $2,738$3,050
IX-24 Other expenses (24a–d)Management $343 · Fundraising $33,273$33,616
IX-24e All other expensesManagement $1,444 · Fundraising $2,563$4,007
IX-25 Total functional expensesPrograms $2,272,699 · Management $1,081,991 · Fundraising $1,410,596$4,765,286
Part X · Balance sheet $165,837,734 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $12,260,121$16,633,247
X-2 Savings and temporary cash investmentsStart of year $115,903$100,227
X-3 Pledges and grants receivableStart of year $462,446$509,625
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $157,859,745$145,525,830
X-15 Other assetsStart of year $3,186,969$3,068,805
X-16 Total assetsStart of year $173,885,184$165,837,734
X-25 Other liabilitiesStart of year $4,486,460$5,029,595
X-26 Total liabilitiesStart of year $4,486,460$5,029,595
X-27 Net assets without donor restrictionsStart of year $69,186,162$68,971,305
X-28 Net assets with donor restrictionsStart of year $100,212,562$91,836,834
X-32 Total net assets or fund balancesStart of year $169,398,724$160,808,139
X-33 Total liabilities and net assetsStart of year $173,885,184$165,837,734
Part XI · Reconciliation of net assets $160,808,139 net assets at year end
XI-1 Total revenue$25,315,166
XI-2 Total expenses$4,765,286
XI-3 Revenue less expenses$20,549,880
XI-4 Net assets at start of year$169,398,724
XI-5 Net unrealized gains (losses) on investments−$28,136,345
XI-9 Other changes in net assets−$1,004,120
XI-10 Net assets at end of year$160,808,139

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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